Glencoe Accounting

Chapter 24: Uncollectible Accounts Receivable

Extend: Matter of Ethics

Uncollectible Accounts

  • Using your favorite news Web sites, find an article about misstatement of uncollectible accounts receivable. Use the search term "uncollectible accounts."
    • A 2002 case is described in the article "Sears, Roebuck & Co. Is Sued by Chicago Law Firm Much Shelist for Securities Fraud"
  • Write a brief report detailing how the uncollectible accounts were misrepresented, the impact on earnings, the ethics principles that were violated, and how investors were harmed.
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